7, MONMOUTH WAY, GRANTHAM, NG31 8WL - £235,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

7 MONMOUTH WAY is a small detached house of 98m², which could now be worth an estimated £272,559. It was last sold for £235,000 in January 2021, which was around 26% below the average January 2021 detached price in the South Kesteven local authority area. The most recent EPC inspection was September 2017, where the current energy rating was B, and the potential energy rating was A.

7 MONMOUTH WAY Sold Prices

Land registry data shows two sales for 7 MONMOUTH WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. Both of the two 7 MONMOUTH WAY sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 13 JAN	£235,000	£317,669	26% below HPI
2017 5 OCT	£222,995	£286,688	22% below HPI

7 MONMOUTH WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Kesteven local authority area over time, sourced from the HPI. The two 7 MONMOUTH WAY sales from October 2017 and January 2021 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the October 2017 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the January 2021 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 7 MONMOUTH WAY be worth now?

7 MONMOUTH WAY might now be worth an estimated £272,559.

This is based on house price inflation of 16%, between January 2021 and June 2025, for detached houses, in the South Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 16% inflationary increase is applied to the most recent sale price for 7 MONMOUTH WAY of £235,000 on 13th January 2021. For the value to have increased from £235,000 to £272,559 over the three years and seven months to June 2025, the following assumptions must hold true:

• The value of 7 MONMOUTH WAY has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The January 2021 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 7 MONMOUTH WAY has not materially changed since January 2021.

How Large is 7 MONMOUTH WAY?

7 MONMOUTH WAY is 98m² according to the EPC inspection conducted in September 2017. This puts it in the smallest 40% of detached houses houses in Grantham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Grantham, and where 7 MONMOUTH WAY lies on this distribution: 35% of detached houses houses are smaller than 7 MONMOUTH WAY, and 64% of houses are larger. Note that EPC data is not available for all properties in Grantham.

7 MONMOUTH WAY: Plot and Title Map

7 MONMOUTH WAY sits on a plot of roughly 0.060 of an acre, or 242m². The below map shows the location of 7 MONMOUTH WAY, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 7 MONMOUTH WAY). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 7 MONMOUTH WAY?

7 MONMOUTH WAY is located in GRANTHAM, in the NG31 postcode district. The below map shows the position of No. 7 on MONMOUTH WAY.